China's CPI growth slows in November -- China's consumer inflation slowed more than expected to grow 1.7 percent in November driven by falling food prices, the National Bureau of Statistics (NBS) said on December 9. The consumer price index (CPI), a main gauge of inflation, rose 1.7 percent year on year in November, down from October's 1.9 percent, and missing market forecast of 1.8 percent. The CPI has grown at less than 2 percent rate for 10 straight months, pointing to mild inflation in the world's second largest economy.
China's producer prices ease in November -- China's producer price inflation tamed down in November on low basis and government curbs on polluted industries, the National Bureau of Statistics (NBS) said on December 9. The producer price index (PPI), which measures costs for goods at the factory gate, rose 5.8 percent year on year in November. It was down from a growth of 6.9 percent recorded in October, on par with market forecast. On a monthly basis, it was up 0.5 percent. In the first 11 months, PPI climbed 6.4 percent from one year earlier.
China's foreign trade up 12.6 percent in November -- China's foreign trade saw robust growth in November, with both imports and exports beating expectations, official data showed on December 8. Exports in yuan-denominated terms rose 10.3 percent year on year to 1.43 trillion yuan (about 216 billion U.S. dollars), according to the General Administration of Customs. Imports expanded 15.6 percent to 1.17 trillion yuan, leaving a trade surplus of 263.6 billion yuan. In November, total foreign trade volume rose 12.6 percent year on year to 2.6 trillion yuan.
China produces over 100,000 industrial robots in first ten months -- The output of China's industrial robots exceeded 100,000 in the first ten months of this year, up 70 percent year on year, according to the Ministry of Industry and Information Technology. The overall output this year will surpass 120,000, according to the ministry. China is the biggest market for industrial robots in the world, accounting for about one third of the global demand. The market volume of China's industrial robots is expected to reach 4.2 billion U.S. dollars in 2017 and increase to 5.9 billion dollars in 2020.
China to import 43 percent natural gas demand by 2040: IEA -- China's demand for natural gas will continue to soar toward 2040, outstripping domestic output by around 43 percent, according to an International Energy Agency (IEA) report published on December 12. "China's annual gas production will more than double to 340 billion cubic meters in 2040, with shale gas a major contributor, but consumption is foreseen to grow even faster, reaching 600 billion cubic meters," said the China Special Report of the World Energy Outlook 2017.
China's cybersecurity market worth nearly 7 bln USD -- Revenue from China's internet security industry will reach 45.71 billion yuan (6.91 billion U.S. dollars) this year as a technological boom is pushing the emerging sector onto the fast track. The China Academy of Information and Communications Technology (CAICT) predicted in a report that the sector will grow 32.85 percent year on year in 2017, faster than the 21.7-percent increase in 2016.
China's new energy vehicles sales surge in November -- China reported brisk sales of new energy vehicles in November, with annual sales expected to exceed 800,000, as the government's eco-friendly policy shows effect. Sales of China's new energy vehicles increased over 80 percent year-on-year in November to 119,000 units, the China Association of Automobile Manufacturers (CAAM) announced on December 11. Some 122,000 new energy vehicles were produced in November, up 70.1 percent year on year, according to CAAM. In the first 11 months, production and sales stood at 639,000 and 609,000 units respectively, up 49.7 percent and 51.4 percent from a year ago.
China's new yuan loans beat expectations, M2 growth accelerates -- China's new yuan loans beat market expectations in November while broad money supply growth quickened, in a sign of continued resilience in the economy, central bank data showed on December 11. Chinese banks extended 1.12 trillion yuan (about 169.69 billion U.S. dollars) of new loans in November, up nearly 70 percent from a month ago and well above market expectations of around 0.8 trillion yuan. M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 9.1 percent last month, up from the 8.8-percent gain seen in October, the People's Bank of China (PBOC) said in a statement on its website.
China's fiscal revenue, expenditures up in first 11 months -- China's fiscal revenue and expenditures both registered steady growth in the first 11 months of this year on the back of strong economic growth. Fiscal revenue rose 8.4 percent year on year to nearly 16.2 trillion yuan (about 2.4 trillion U.S. dollars) in the first 11 months, the Ministry of Finance said on December 11 in a report. The growth is mainly helped by rising revenue from tax income, which expanded 11.2 percent to 13.6 trillion yuan.
China uncovers 6.4 bln yuan of irregular local government debts in Q3 -- China has uncovered irregular local government debts worth of over 6.4 billion yuan (about 967 million U.S. dollars), authorities said. Five local governments in Jiangxi, Shaanxi, Gansu, Hunan and Hainan provinces had raised the sum of debts through irregularly offering commitment letters, according to an audit report in the third quarter by the National Audit Office (NAO).
China tops in Sri Lanka's FDI for 2017 -- China has accounted for 35 percent of foreign direct investments (FDI) into Sri Lanka up to September this year, with FDI for 2017 expected to total 1.36 billion U.S. dollars, local media reported on December 9. According to a statement from the Ministry of Development Strategies and International Trade, There has been a "strong uptick" in exports and FDI into Sri Lanka this year.
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